Cresud S.A.C.I.F. y A. broadcasts as we speak its outcomes for the primary quarter of FY 2023 ended September 30, 2022

BUENOS AIRES, Argentina, Nov. 11, 2022 /PRNewswire/ — Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), main Argentine agricultural firm, broadcasts as we speak its outcomes for the primary quarter of FY 2023 ended September 30, 2022.

HIGHLIGHTS

• The web consequence for the primary quarter of fiscal 12 months 2023 registered a revenue of ARS 5,233 million in comparison with ARS 5,195 million in the identical interval of 2022.

• The adjusted EBITDA for the interval reached ARS 7,955 million, 14.3% decrease than the identical interval in 2022. The adjusted EBITDA of the agribusiness segments was ARS 2,808 million, 57.3% decrease than the primary quarter of the earlier 12 months, primarily defined by decrease manufacturing outcomes from the sugarcane exercise in Brazil.

• The 2023 marketing campaign is growing with sustained worldwide commodity costs and good margins per hectare, regardless of the rise in prices and the Niña local weather impact within the area. We anticipate to plant roughly 260,000 ha.

• In the course of the quarter, our subsidiary Brasilagro acquired the Panamby farm of 10,800 hectares (5,400 productive hectares), situated within the state of Mato Grosso, Brazil, for the sum of BRL 285.6 million and, after closing, accomplished the sale of a fraction of its Morotí discipline in Paraguay for the sum of USD 1.5 million.

• In the course of the interval, we finalized the inventory repurchase plan launched within the earlier 12 months. The corporate acquired 0.96% of the capital inventory for the sum of ARS 990 million.

• Since November 11, 2022, the Firm made obtainable to shareholders a money dividend within the quantity of ARS 3,100 million, equal to ARS 5.29/share and ARS/ADS 52.86.

Monetary Highlights(In thousands and thousands of Argentine Pesos)3M FY 2023 ended September 30, 2022

The Firm’s market capitalization as of September 30, 2022, was roughly USD 324 million. (59,216,513 ADS with a worth per ADS of USD 5.47)

Cresud, main Argentinean agricultural firm with a rising presence in Latin American nations, cordially invitations you to take part in its first quarter of the FY 2023 Outcomes Convention Name on Monday, November 14, 2022, at 10:00 AM Japanese Time / 12:00 PM BA Time.

To entry the Webinar:https://irsacorp.zoom.us/webinar/register/WN_liFlPLiVRBqH7SOa9zmr3QWebinar ID: 848 6010 3067Password: 981915

As well as, you possibly can take part speaking to this numbers:

Argentina: +54 112 040 0447 or +54 115 983 6950 or +54 341 512 2188 or +54 343 414 5986Israel: +972 55 330 1762 or +972 3 978 6688 Brazil : +55 11 4700 9668 or +55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237US: +1 346 248 7799 or +1 646 558 8656 or +1 669 900 9128 or +1 253 215 8782 or +1 301 715 8592Chile: +56 232 938 848 or +56 41 256 0288 or +56 22 573 9304 or +56 22 573 9305 or +56 23 210 9066UK: +44 330 088 5830 or +44 131 460 1196 or +44 203 481 5237 or +44 203 481 5240 or +44 208 080 6591

Investor Relations Divisionhttps://www.cresud.com.ar/home-inversores.php?lng=enCresud S.A.C.I.F. y A.+5411 4323-7449[email protected]Comply with us on Twitter: @cresudir

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SOURCE Cresud S.A.C.I.F. y A.